India is today one of the fastest growing economies in the world. Forward-looking policies by the government and continued investments in manufacturing and other industries is enabling this growth and also leading to rapid development and urbanization. But with most inspiring stories of urban and industrial progress emerges some disturbing challenges – the menace of waste, pollution, depletion of non-renewable and natural resources and threats to environmental sustainability.
This is where the concept of a Circular Economy comes in. Since the Industrial Revolution, companies and consumers have largely followed a linear model of value creation of “take-make-dispose”. Resources are acquired, processed using energy and labor, and sold as goods that are discarded post use and these generally end up as landfill waste. This is true with manufacturing process as well as for how things are procured and how industrial waste is discarded. The circular economy model moves away from the traditional “take-make-dispose” model to one that is regenerative by design. The goal is to retain as much value as possible from products, parts and resources to create a system that allows for long life.
Against this background, Confederation of Indian Industry’s (CII) Maharashtra State Panel on Energy & Environment is organizing a conference on “Waste to Resource – Circular Economy” on Friday, 16th November 2018, Hotel St. Regis, Lower Parel, Mumbai.
The conference is aimed at raising more awareness about the concept of circular economy, drive enriching discussions about its various aspects, share examples and success stories and understand ways to implement and adopt this new paradigm to minimize our environmental footprint, ensure sustainability while driving business growth.